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Goodwill and Other Intangibles (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Liabilities Disclosure [Abstract]  
Schedule Of Acquired Finite Lived Intangible Assets Liabilites By Major Class
In connection with our investment activity during 2013, we have recorded net lease intangibles comprised as follows (life in years, dollars in thousands):
 
Weighted-Average
Life
 
Amount
Amortizable Intangible Assets
 
 
 

In-place lease
12.3
 
$
85,759

Above-market rent
16.5
 
10,917

Below-market ground lease
118.1
 
3,998

 
 
 
$
100,674

 
 
 
 
Amortizable Intangible Liabilities
 
 
 

Below-market rent
21.1
 
$
(32,716
)
Schedule Of Goodwill
The following table presents a reconciliation of our goodwill (in thousands):
 
Real Estate Ownership
 
Investment Management
 
Total
Balance at January 1, 2011
$
—

 
$
63,607

 
$
63,607

Activity
—

 
—

 
—

Balance at December 31, 2011
—

 
63,607

 
63,607

Acquisition of CPA®:15
268,683

 
—

 
268,683

Allocation of goodwill to the cost basis of properties sold or held for sale (a)
(3,158
)
 
—

 
(3,158
)
Balance at December 31, 2012
265,525

 
63,607

 
329,132

Allocation of goodwill to the cost basis of properties sold or held for sale (a)
(13,118
)
 
—

 
(13,118
)
Adjustments related to deferred foreign income taxes (b)
32,715

 
—

 
32,715

Adjustment to purchase price (c)
1,479

 
—

 
1,479

Balance at December 31, 2013 (d)
$
286,601

 
$
63,607

 
$
350,208

___________
(a)
Amount is included within Gain (loss) on sale of real estate for assets sold or Impairment charges for assets classified as held for sale, both of which are included in discontinued operations (Note 17).
(b)
In the fourth quarter of 2013, we recorded an out-of-period adjustment related to accounting for deferred foreign income taxes (Note 2).
(c)
In the fourth quarter of 2013, we recorded an immaterial out-of-period adjustment to correct an error in the purchase price allocation for the CPA®:15 Merger.
(d)
We recorded goodwill in the Real Estate Ownership segment in connection with the CPA®:16 Merger in January 2014 (Note 20).
Schedule Of Intangible Assets And Goodwill
Intangible assets and liabilities and goodwill are summarized as follows (in thousands):
 
December 31,
 
2013
 
2012
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortizable Intangible Assets
 

 
 

 
 

 
 

 
 

 
 

Management contracts
$
32,765

 
$
(32,395
)
 
$
370

 
$
32,765

 
$
(31,283
)
 
$
1,482

Internal-use software development costs
3,255

 
—

 
3,255

 
—

 
—

 
—

 
36,020

 
(32,395
)
 
3,625

 
32,765

 
(31,283
)
 
1,482

Lease Intangibles:
 

 
 

 
 

 
 

 
 

 
 

In-place lease
551,737

 
(84,610
)
 
467,127

 
474,630

 
(27,352
)
 
447,278

Tenant relationship
6,247

 
(1,656
)
 
4,591

 
8,149

 
(3,406
)
 
4,743

Above-market rent
292,132

 
(50,157
)
 
241,975

 
293,627

 
(13,742
)
 
279,885

Below-market ground lease
4,386

 
(22
)
 
4,364

 
—

 
—

 
—

 
854,502

 
(136,445
)
 
718,057

 
776,406

 
(44,500
)
 
731,906

Unamortizable Goodwill and 
    Indefinite-Lived Intangible Assets
 

 
 

 
 

 
 

 
 

 
 

Goodwill
350,208

 
—

 
350,208

 
329,132

 
—

 
329,132

Trade name
3,975

 
—

 
3,975

 
3,975

 
—

 
3,975

 
354,183

 
—

 
354,183

 
333,107

 
—

 
333,107

Total intangible assets
$
1,244,705

 
$
(168,840
)
 
$
1,075,865

 
$
1,142,278

 
$
(75,783
)
 
$
1,066,495

 
 
 
 
 
 
 
 
 
 
 
 
Amortizable Intangible Liabilities
 

 
 

 
 

 
 

 
 

 
 

Below-market rent
$
(116,939
)
 
$
11,832

 
$
(105,107
)
 
$
(86,171
)
 
$
3,227

 
$
(82,944
)
Above-market ground lease
(6,896
)
 
512

 
(6,384
)
 
(6,896
)
 
103

 
(6,793
)
 
(123,835
)
 
12,344

 
(111,491
)
 
(93,067
)
 
3,330

 
(89,737
)
Unamortizable Intangible Liabilities
 

 
 

 
 

 
 

 
 

 
 

Below-market purchase option
(16,711
)
 
—

 
(16,711
)
 
(16,711
)
 
—

 
(16,711
)
Total intangible assets
$
(140,546
)
 
$
12,344

 
$
(128,202
)
 
$
(109,778
)
 
$
3,330

 
$
(106,448
)
Schedule Of Finite Lived Intangible Assets Future Amortization Expense
Based on the intangible assets and liabilities recorded at December 31, 2013, scheduled annual net amortization of intangibles for each of the next five years and thereafter is as follows (in thousands):
Years Ending December 31,
 
Total
2014
 
$
84,921

2015
 
76,725

2016
 
74,872

2017
 
71,474

2018
 
65,170

Thereafter
 
237,029

Total
 
$
610,191